By Tsvetana Paraskova for Oilprice.com | A total of 93 oil and gas firms made it in the latest edition of the...
By David O. Williams |RealVail.com| President Donald Trump is poised to issue an executive order fast-tracking the Uinta Basin Railway that could lead...
Story By Alex Kimani for Oilprice.com | Saudi Arabia is getting ready to engage in a protracted oil price war with its...
By Irina Slav for Oilprice.com| The 411,000 barrels daily that OPEC+ said it would add to oil production in May have not...
On June 3, Viper Energy (NASDAQ: VNOM), a subsidiary of Diamondback Energy, announced it will acquire Sitio Royalties (NYSE: STR) in an...
Published by Kristian Ilasko, Digital Content Coordinator | Hydrocarbon Engineering | Although global oil demand is expected to grow, the long-term outlook for...
In a surprising legal development, the New Mexico Court of Appeals has dismissed a groundbreaking lawsuit that challenged the state’s enforcement of...
The Trump administration is once again turning its attention to Alaska, sending three Cabinet members north this week to support long-stalled oil...
by Andreas Exarheas|RigZone.com| A statement posted on OPEC’s website on Saturday announced that Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman...
A recent ruling from the Supreme Court of Texas has clarified a long-standing legal gray area in the oil and gas sector:...
Oil prices swung wildly on Wednesday, sinking to a four-year low in anticipation of slowing economic growth due to a burgeoning trade war, before jumping 2% after President Donald Trump announced a 90-day pause on most of his tariffs.
U.S. benchmark crude followed U.S. markets higher in the afternoon, rising 2%, or $1.20, to $60.79 per barrel after the latest reversal by the Trump administration.
That's after it declined 4.3% to $56.98 per barrel as late as midday on the New York Mercantile Exchange. Prices had fallen further earlier in the day to levels not seen since February 2021, the depth of the COVID-19 pandemic.
Energy prices have mostly declined since Trump's inauguration in January, with the cost of a barrel of oil sliding about $20 since the start of the year. At this time last year, a barrel of U.S. crude cost $85. A barrel was going for around $71 at the beginning of April, before tariffs were launched.
Brent crude, the European standard, also climbed into positive territory Wednesday to $63.90 per barrel.
The Dow Jones Industrial Average jumped by almost 3,000 points on Wednesday, its most ever for one day, after President Donald Trump's 90-day pause on most reciprocal tariffs and a surprisingly strong Treasury auction.
The Nasdaq Composite and S&P 500 also secured their biggest one-day point gains on record. The Nasdaq had its best day in 24 years, while Wednesday was the S&P 500's best day in more than 16 years.
The Dow Jones rose 2,962.86 points, or 7.9%, to close at 40,608.45, based on preliminary data. That exceeded the 2,112.98-point gain seen on March 24, 2020.
The S&P 500 rose 474.13 points, or 9.5%, to end at 5,456.90, breaking a four-session streak of losses. That was its biggest percentage gain since Oct. 28, 2008.
The Nasdaq Composite jumped 1,857.06 points, or 12%, to finish at 17,124.97. That was its largest percentage gain since Jan. 3, 2001.
The Trump administration is once again turning its attention to Alaska, sending three Cabinet...
In a surprising legal development, the New Mexico Court of Appeals has dismissed a...
On June 3, Viper Energy (NASDAQ: VNOM), a subsidiary of Diamondback Energy, announced it...
by Andreas Exarheas|RigZone.com| A statement posted on OPEC’s website on Saturday announced that Saudi Arabia,...
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A quiet energy revolution is unfolding in Appalachia, where natural gas from the Marcellus...
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By David O. Williams |RealVail.com| President Donald Trump is poised to issue an executive order...
Mexico’s private oil producer Hokchi Energy is locked in a high-stakes standoff with Pemex...
The World Bank has made a landmark decision by lifting its long-standing ban on...
By Irina Slav for Oilprice.com| The 411,000 barrels daily that OPEC+ said it would...
By Tsvetana Paraskova for Oilprice.com | A total of 93 oil and gas firms...
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